Investing.com - Schnitzer reported on Monday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Schnitzer announced earnings per share of $0.50 on revenue of $894.00. Analysts polled by Investing.com anticipated EPS of $0.90 on revenue of $845.29M.
Schnitzer shares are down 39% from the beginning of the year, still down 47.76% from its 52 week high of $59.70 set on April 20.
Schnitzer shares gained 0.19% in pre-market trade following the report.
Schnitzer follows other major Materials sector earnings this month
Schnitzer's report follows an earnings missed by Freeport-McMoran on Thursday, who reported EPS of $0.26 on revenue of $5B, compared to forecasts EPS of $0.3167 on revenue of $5.37B.
Nucor had missed expectations on Thursday with third quarter EPS of $6.5 on revenue of $10.5B, compared to forecast for EPS of $6.77 on revenue of $10.03B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar